SunAmerica's New Lineup of Dividend-Paying Value Stocks

The SunAmerica Focused Dividend fund has a strict buy-and-hold approach. The new picks in its annual rebalancing have just been announced.

This time of year is always a little bittersweet for Timothy Pettee, chief investment strategist for SunAmerica Asset Management and a manager of the $7.4 billion SunAmerica Focused Dividend fund (ticker: FDSAX). Every November, Pettee and his team reconstitute the 30-holding portfolio, bidding adieu to stocks that no longer satisfy their rules-based investment criteria and making way for a new class of companies. They take about a month to execute the new lineup—all 30 stocks are given equal...